Boundless Management

Wednesday, 29 June 2016

Auditing is a regular activity that is conducted by the auditors for a company, organization or business. Auditing helps the company in certain ways. With the help of auditing a company can analyze their flaws in the daily operation and can correct them for the future growth. Auditing can be done of processes, products, quality, and inventory and for many other components in a company.

Auditing can be of two types and that are the internal audit and external audit. Internal audit is conducted by the in-house auditors whereas external audit is conducted by the external auditors. There is some of the instruction that is issued to the company by the auditors for the physical stock verification or inventory verification. Some of these guidelines are discussed below that can help a company or business:

•The list of the physical stocks or inventory is to be provided according to the item and location.

•The purchases that are not recognized should be always marked separately.

•The stock that is being sold but not delivered to the customer should be kept separate and marked properly.

•The stocks and inventory that is being used regularly should be issued in advance so that there will be no hamper in the production line.

•Old stocks should be market separate.

•The list of the inventory should be maintained properly and accurately.

These are some of the common instruction given. For more details on physical stock verification and inventory verification, call us at +91-11- 66797769 or e-mail at info@boundlessindia.com or visit us at http://www.boundlessindia.com.

Sunday, 26 June 2016

Service tax compliances are of much importance to any organization,
business or company. Service tax compliance filing needs time and knowledge and
one can apply to him if they have all those spare time. But most of the people
rely on the service tax consultants to get their filing procedures done
smoothly and efficiently. If you are looking someone for service tax
compliances, then there are many benefits that a service tax consultant in
Delhi can provide you with.

Expertise in the Service tax filing

There is a huge difference between an amateur filing for your service
tax forms and an expert working over the same. With the help of an expert, you
can be assured that there will be no mistakes in your form filing and can rely
upon them completely. The expert of service tax compliances know about
their work and can get your procedure done successfully in a very minimal time.

Help with the complicated details

These expert service tax consultants in Delhi can handle all of
your complicated details. They help their clients with the examination of all
of the data, organizing it and then prepare for the form. Only an experienced
and skilled service tax consultants are able to handle such complicated tasks,
so always choose the best and experienced consultants.

They save a lot of time

These tasks are their regular work and they are expert in it. So they
tend to make no mistake which saves a lot of time.

For more details on service tax compliances and service tax
consultants in Delhi, call us at +91-11- 66797769 or e-mail at
info@boundlessindia.com or visit us at http://www.boundlessindia.com.

Saturday, 18 June 2016

The Growth of a company totally depends on the financial transparency and expertise of the people handling the accounts of the company. With the help of transparent financial transaction a company not only ensures its growth but it also helps in the financial expansion and sustainability with the time. Most of the companies depends on in house individuals for bookkeeping. This not only costs the company more but also decrease the efficiency of work of the charted accountants because of huge responsibility for them. They are not mere people that do the bookkeeping but they are the key to all of the financial advice needed for the growth.

The best way to consider for all of the financial solutions is Accounting Outsourcing Solutions. There are certain advantages of these outsourcing solutions and some of them are

1. They have the team of Accountants, so when the time comes you could access them easily.

2. These firms are experienced in all type of financial needs like mergers and acquisitions, Financial transactions, Expansion, budgeting, Risk management etc. So you will get a one-stop solution for all.

3. They are ready to help you at every moment when you needed them the most.

4. Accounting Outsourcing Solutions not only provide you with advice but also helps in reducing the cost to the company.

5. They are credible and has a huge track record of positive reviews from their clients.

For more on Accounting Outsourcing solutions, call us at +91-11- 66797769 or e-mail at info@boundlessindia.com or visit us at http://www.boundlessindia.com.

Monday, 13 June 2016

Corporate Advisors are those professional consultants that provide their clients with consultancy for the governance of the corporate identity. These Corporate Advisory Firms helps their clients in a wide array, that ranges from Financial Advice to Risk Management services. If you are having a corporate company in India then these advisory firms can be of great use to you.

Let's have a look at the services provided by them.

1.Risk Advisory Services

2.Mergers and Acquisitions

3.Strategic Advice

4.Financial Restructuring

5.Debt Management

6.And on all of the Financial Governance matters.

Choosing a corporate advisory service is not as easy as it sounds because all of your financial strategies are biased with the consultancy that these Financial Advisors provides to you. If you keep some of these below-mentioned points in mind then it will not serve as a daunting task to you.

1.Experience: Experience always matters while choosing Corporate Advisory services. Always choose the one with a history of good records. You should check whether the Corporate Advisory firm has a relevant experience?

2.Credibility: It is very important that these advisors are credible, experienced and well qualified. Always read the reviews about them by their clients while opting for the one for yourself.

3.Confidentiality: These Corporate Advisory firms need to preserve the confidentiality of their clients at every moment of time. All of the processes need to be conducted confidentially. So always sign an agreement of Confidentiality.

For more on Corporate or Risk advisory services, call us at +91-11- 66797769 or e-mail at info@boundlessindia.com or visit us at http://www.boundlessindia.com.

Sunday, 5 June 2016

Accounts payable, also known as trade payables or may be
simply as payable are basically the payment due to one’s suppliers. This is a
book item that features under liabilities in the Balance Sheet. One needs to
keep a track of these accounts payables and at the time of accounts payable
processing, carefully update the accounts and clear the amount from the
payables. Since it is sometimes not conducive to maintain records of the deals
done on credit or on delayed payments, these are entered in account books as
payables while in the lender’s books as account receivables or receivables in
their assets. The same are carried forward to the next year books of accounts
until these are settled.

Accounts Payable
Outsourcing is an arrangement when you hire professional services from
experts to take care of your accounts payable entirely. This includes, document
maintenance, account payable processing
which includes invoices management, approval of invoices, resolution of issues
and fallacies, disbursement of the payments etc. All this is very conveniently
done by professional organizations and is a big industry today.

If you ever want to outsource
accounts payable services you can contact one of these professional
organizations and just sit back and relax for a convenient handling of the
payments on your behalf. There is no harm in getting things managed from
outside which actually has proved to be beneficial on account of cost saving,
accuracy and smooth handling. One can easily rely on these companies and be
free of the hassle of maintaining hefty records of payables.

For more on accounts payable, call us at +91-11-
66797769 or e-mail at info@boundlessindia.com
or visit us at http://www.boundlessindia.com.

Wednesday, 1 June 2016

It is the international set practice or
standard about maintaining your business operations with an efficient
use of your resources. In simpler terms, the practice is set to
ensure that there is least wastage of resources and there are more
economies of scale generated for your profitable and viable
operations. The ISO 14001implementation does not
require any much support
other than a checklist which can be obtained from third party
accreditors. Once this is done, you may apply it in your organization
at appropriate checkpoints and reap the benefits.

There is more to efficient usage than
what meets the eye. Lesser wastage would lead to competitive
advantages which would mean your business would be able to sustain
for longer, there is more resistance to competition and there is more
to trust built in the stakeholders.

What is ISO
27001?

ISO
27001 is the International standard set for better management
of information; it deals mainly with information security. It is
imperative today for organizations to have all their proprietary
information safeguarded to avoid any kind of mishap like data theft
to happen.

It is again not obligatory to get ISO
27001 certification prior to implementation.
However there is no hazard in getting your business attuned to best
practices which have proven results.

Both these certifications are suited to
all organizations irrespective of their operational size. There is a
global acceptance to this standard which is also a kind of
reassurance to their clients that the information has been properly
secured and safeguarded.

Much need implementationsupport on these
certifications can be availed through specialized consultancies.

For more on inventory management, call
us at +91-11-66797769 or e-mail
at info@boundlessindia.comor visit us
at http://www.boundlessindia.com.

Thursday, 26 May 2016

Boundless helps
you in inventory management and have collated what is called best practices in
it.

With these, you
can grow your business by leaps and bounds and augment gains.

1. Having an
intact inventory control system is best. Two commonly used systems are periodic
and perpetual. Periodic are the ones,
which refurbishes ledger periodically i.e. weekly, monthly and quarterly. Perpetual
systems are the ones, which updates inventory after each purchase, sale and adjustment.
The more frequently it is updated, the easier it is for a business to plan.

2. Have
Inventory categorisation. As 80-20 rule applies majorly to inventory, it is
better to set priorities straight. (80% sales come from 20% of the products).

3. Have a proper
inventory adjuring system. You should know what you need, how much you need and
when you need it. This saves one from unwanted circumstances such as inflated
inventory costs and longer lead times.

4. Imbrute the
inventory system. This standardises the process, saves time and money,
increases accuracy and simplifies documentation.

5. Forecast
demand as sales may vary due to vicissitude in trends, seasons etc. Thus,
demand forecast can help better plan inventory requirements to maintain levels.

6. Perform
physical inventory counts. A rubric to control inventory and attune it to the
amounts in periodic or perpetual system on the books, physical inventory is
normally done once a year normally at the end of the fiscal year. Larger businesses
and those preferring periodic or seasonal inventory counts, do it more
frequently.

7. Make
acclimation as required for goods unsold, obsolete, stolen, damaged or for
goods whose market value is lower than the cost of the good.